Archive · 19 Nov 2025
Waaree Energies Under Scrutiny: IT Raids and US Tariff Probe
Waaree Energies, a solar energy company, is facing two investigations.
The Income Tax Department is looking into some of their offices and factories, which caused their share price to drop.
The US government is also investigating them for possibly avoiding tariffs on solar cells.
Despite these issues, the company had a good second quarter with a big increase in profit.
Income Tax Department officials raided Waaree Energies offices and facilities
Company is cooperating with the investigation under the Income Tax Act, 1961
Raids led to a decline in Waaree Energies' share price by over 3%
Waaree Energies is also under investigation by the US government over potential tariff evasion
Company recently reported strong Q2 results with net profit up 130% YoY
- Who
- Income Tax Department, Waaree Energies, US government
- What
- Investigation of Waaree Energies offices and facilities, probe into potential tariff evasion
- When
- Tuesday (IT raids), ongoing (US investigation)
- Where
- Waaree Energies offices and 5.4 GW solar cell gigafactory in Chikhli (IT raids), global operations (US investigation)
- Why
- To investigate the Income Tax Act, 1961 (IT raids), to probe potential tariff evasion (US investigation)
Investigators
Waaree Energies
Purpose of Investigation
Investigators
To investigate the Income Tax Act, 1961 (IT raids), to probe potential tariff evasion (US investigation)
Waaree Energies
Not explicitly stated in the article
- Share Price Change (5 days)
- -1.98%
- Share Price Change (1 month)
- -6.22%
- Share Price Change (6 months)
- +12.00%
- Share Price Change (1 year)
- +13.34%
- Q2 Net Profit YoY
- +130%
- Q2 Total Income YoY
- +69.96%
- Q2 EBITDA YoY
- +155.29%
- H1 Total Income YoY
- +51.17%
- H1 EBITDA YoY
- +118.19%
- Order Book
- 24 GW, worth about ₹47,000 crore
